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Debt Management Plan

Debt Management Plan (DMP) is an informal agreement to help you repay your debts in full with a reduced monthly payment over an extended period of time.

Available UK-wide

  • Takes away stress with one simple monthly payment divided between your creditors.
  • Your assets are protected and you don’t need to release equity from your home.
  • You don’t need to negotiate with your creditors – we will do it for you.

ADVANTAGES

  • You no longer need to negotiate with creditors.
  • DMP demonstrates your willingness to tackle your debts.
  • Creditors may be willing to accept reduced payments from a third party.

CONSIDERATIONS

  • Requires your creditors continued support, which can be withdrawn at anytime.
  • Any creditor can still take legal action at any time, causing the plan to fail.
  • A Debt Management Plan is not legally binding, so you don’t have legal protection.
  • Lower, more affordable payments means that it takes longer to repay your debts.

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We have helped customers manage over £55m of debts to date. Join them.

CALL: 0141 380 0221
EMAIL: info@richmond-oaks.com
TEXT: 07520 632 154
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Our complaints procedure can be viewed here Complaints Procedure

Richmond Oaks Insolvency
Richmond Oaks Insolvency

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OUR SOLUTIONS
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Richmond Oaks Insolvency